Part 2.

200 words·~1 min read·/nc/chapter-58/2-11

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Part 2. Long-Term Care Partnership.

§ 58-55-55. Definitions.

The following definitions apply in this section:

(1)Asset. - Resources and income.

(2)Department. - The Department of Health and Human Services.

(3)Division. - The Division of Health Benefits.

(4)Estate recovery. - The placing of a statutory claim on the estate of a deceased Medicaid recipient, as provided by G.S. 108A-70.5.

(5)Medicaid. - The federal medical assistance program established under Title XIX of the Social Security Act.

(6)Qualified long-term care partnership policy or qualified policy. - A long-term care insurance policy approved for use in North Carolina and that meets all the requirements of the federal Deficit Reduction Act of 2005, P.L. 109-171.

(7)Resource. - Cash or its equivalent and real or personal property that is available to an applicant or recipient.

(8)Resource disregard. - The amount of resources of an applicant for long-term care Medicaid that is equal to the amount of benefits paid to the applicant under a qualified long-term care partnership policy.

(9)Resource protection. - An amount equal to the resource disregard given to a Medicaid recipient during the long-term care Medicaid eligibility determination process. (2010-68, s. 4; 2019-81, s. 15(a).)